Understanding the Importance of Contract Notes in Trading and Investment

Why do I receive a contract note whenever I trade/invest?

A Contract Note is an official trade confirmation sent by FYERS every time you execute a trade or investment. It provides a legally recognized summary of all executed transactions and serves as a key document for record-keeping, verification, and compliance.

Why is a Contract Note important?

The Contract Note ensures transparency and protects your interests by documenting the details of every executed order. It’s issued as per regulatory guidelines and includes the following:

Key purposes:

  • Proof of Trade: Lists all trades done during the day, with security name, quantity, price, and time.
  • Charges Breakdown: Shows detailed fees including brokerage, STT/CTT, GST, SEBI charges, and stamp duty.
  • Legal Agreement: Serves as a formal and binding confirmation of your trade between you and FYERS.
  • Regulatory Requirement: Mandated by SEBI and exchanges to promote fairness and transparency in trading.

What details are included?

  • Order and trade time stamps
  • Exchange and scrip codes
  • Buy/Sell indicator
  • Quantity and execution price
  • Net amount payable or receivable
  • Brokerage and statutory charges

What If...

ScenarioExplanation
I don’t receive a Contract NoteCheck your registered email or spam folder.
I find errors in my Contract NoteContact FYERS Support immediately for clarification and resolution.
I want it for my tax recordsContract Notes are valid legal proof for income tax and capital gains reporting.
Review your Contract Notes regularly. They help you track your trades, verify charges, and maintain compliance for tax filing and auditing purposes.

Last updated: 28 Jun 2025

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